Public sector workers 'priced out of housing market'

High energy bills? Stay cool! #SummerEnergySavings

Compare energy deals and switch supplier to cut your bills by £447* and a chance to win a Dyson Cool Tower Fan!

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

Key public sector workers like nurses and teachers cannot afford to buy a house in 70 per cent of Britain's towns, a study shows.

Building society Halifax's annual key housing review shows a dramatic increase in the number of out-priced properties in Britain, up from 65 per cent last year and only 36 per cent in 2002.

For nurses, firefighters, police officers, teachers and paramedics – all of whom have their pay increases restricted by chancellor Gordon Brown's anti-inflation efforts – the problem is now becoming acute, Tim Crawford, group economist at Halifax, believes.

"Housing affordability continues to deteriorate for key workers across Great Britain and it is now clearly not a problem confined to the south of England," he said.

"Nurses face the most difficulties climbing onto the housing ladder but all key worker occupations are likely to struggle to purchase a house apart from in Scotland."

Only one per cent of towns in Britain passed the affordability calculation for British nurses.

Britain's ten most expensive towns are all located in the south-east, with Gerrards Cross, Weybridge and Sevenoaks all in the top five. London's boroughs of Kensington and Chelsea, Westminster and Camden all also feature.

"The government's key worker schemes are providing some relief but given recent trends there would clearly be benefits from broadening their reach," Mr Crawford added.

Halifax classifies towns as unaffordable when the house price: earnings ratio exceeds the first-time buyer average of 4.46 in all five key worker occupations.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more